Trade preferences and political equilibrium associated with trade liberalization

Shoya Ishimaru; S. H. Oh; Seung-Gyu Sim

DOI:10.1080/09638199.2016.1252417

Corpus ID: 219622683

Trade preferences and political equilibrium associated with trade liberalization

@article{Ishimaru2017TradePA,
  title={Trade preferences and political equilibrium associated with trade liberalization},
  author={Shoya Ishimaru and S. H. Oh and Seung-Gyu Sim},
  journal={The Journal of International Trade & Economic Development},
  year={2017},
  volume={26},
  pages={361 - 384}
}

Shoya Ishimaru, S. H. Oh, Seung-Gyu Sim

Published 2017

The Journal of International Trade & Economic Development

ABSTRACT This paper, motivated by the so-called North–South problem in trade, analyzes ex ante trade preferences and the source of potential political conflicts regarding trade liberalization. Developing a dynamic extension of the traditional Heckscher–Ohlin model with imperfect labor mobility and tracking overall dynamic paths from the autarky to free-trade steady states, we demonstrate that in the presence of inter-sectoral migration barrier, bilateral free-trade agreements can be welcomed… CONTINUE READING

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